PulseRamp is NOW LIVE!
But before you start bridging in value from Ethereum, make sure you understand everything you need to know about the official PulseChain Bridge.
A blockchain bridge is a technological solution that enables the transfer of assets or data between two or more blockchain networks.
It serves as a link, connecting separate blockchains and allowing them to interact and share information securely and efficiently.
In the world of blockchain, each network operates independently with its own set of rules and protocols.
This independence can create challenges when users want to move assets from one blockchain to another.
A blockchain bridge addresses this issue by establishing a connection between these networks, enabling seamless interoperability and cross-chain transactions.
PulseRamp is the Official PulseChain Bridge.
PulseRamp was built by the community in 6 months from August 2021 to January 2022.
It is a fork of OmniBridge which is an extension of TokenBridge.
Despite bridges typically being one of the most vulnerable smart contracts, TokenBridge has multiple audits and has worked without failure.
The PulseChain Bridge allows users to transfer tokens to PulseChain from Ethereum and vice versa.
You can see PulseRamp deposits on Etherscan here!
Users deposited several million dollars in just the first hour!
Without getting too technical, PulseRamp works by locking tokens in a smart contract on the source chain and minting them on PulseChain.
For example, users can take ETH on Ethereum and lock them in the PulseRamp pools.
PulseRamp will then mint that user a Wrapped ETH on PulseChain which they can use to trade, send and provide liquidity.
Since ETH has a dollar value, and the Wrapped ETH is directly redeemable for the original ETH, there are now prices in dollars on PulseChain.
If the user wants to return to Ethereum from PulseChain, they will simply return their wrapped ETH which will be burnt, then the ETH on Ethereum will be released.
These are the contract address for #Ethereum tokens bridge from https://t.co/gcSfY1ooEF to PulseChain. Add the token contracts to your wa||et if you want the tokens to show in your wa||et.$WETH: 0x02DcdD04e3F455D838cd1249292C58f3B79e3C3C$DAI:…
— Richard Heart (@RichardHeartWin) May 16, 2023
Blockchains are isolated from other blockchains.
Bridges are a solution for this which enable cross-chain transfers.
Without direct fiat on and off ramps, bridges are the only way to get economic energy on and off blockchains.
PulseRamp is the first PulseChain Bridge and will likely have the most volume.
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Disclaimer:Please note that nothing on this website constitutes financial advice. Whilst every effort has been made to ensure that the information provided on this website is accurate, individuals must not rely on this information to make a financial or investment decision. Before making any decision, we strongly recommend you consult a qualified professional who should take into account your specific investment objectives, financial situation and individual needs.
Connor is a US-based digital marketer and writer. He has a diverse military and academic background, but developed a passion over the years for blockchain and DeFi because of their potential to provide censorship resistance and financial freedom. Connor is dedicated to educating and inspiring others in the space, and is an active member and investor in the Ethereum, Hex, and PulseChain communities.
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